30 Sep '12, 9pm

The True Cost Of Electricity Calculated

The True Cost Of Electricity Calculated

Calculating the cost of nuclear energy is more difficult. A newly constructed nuclear power plant raises the average cost to about 0.20 euros per kWh, according to the California Energy Commission. By contrast, old, written off plants in Germany produce electricity at a bargain rate of 0.02 or 0.03 euros per kWh. However, other risks not covered by power plants operators affect the total cost of nuclear energy, such as the chance of a nuclear accident. It’s estimated that Fukushima and Chernobyl have cost many hundreds of billions of euros, and that society has paid most of the damages. GBG’s Bettina Meyer has analyzed studies on these external costs in her recent report. She estimates that additional risks raise the cost of nuclear energy to between 0.11 and 0.34 euros per kWh. If these costs were added to electricity costs, a kWh of electricity generated by a new nuclear...

Full article: http://cleantechnica.com/2012/09/30/the-true-cost-of-elec...

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